- Media: INITIATE BUY
- Labor Law Overhaul: Balance between Labor Protection vs Productivity?
Media: A change for the better
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In Dec 2019,
Indonesia Set to Recast Almost 80 Laws in Jobs, Investment Push by Bloomberg
Balance between Labor Protection vs Productivity - How serious Indonesia Government is to maintain balance between productivity and inefficiency.
Indonesia is set to overhaul its nearly two-decade old labor law and scrap an array of rules that hinder foreign investment as President Joko Widodo seeks to transition the economy from a commodity reliant one into a manufacturing hub.
The government plans to table a bill in parliament on Tuesday that will revise 79 separate existing laws and 1,244 clauses. The omnibus law on job creation will reform Indonesia's labor legislation, make it easier for companies to secure permits, and relax foreign ownership rules, local content requirements and land procurement.
Jokowi has put the omnibus bill at the top of his second-term agenda as he looks to stoke economic growth that's been hovering around the 5% mark since he won the presidency in 2014. The proposed legislation was delayed several times already and has run into resistance from labor unions, which have called for nationwide protests on Monday.
System NPL at 2.5% as of Dec19
Based on OJK's data, the banking system's NPL stood at 2.5% as of Dec19, slightly higher than Dec18's 2.4%. For 2020, OJK expects system-wide NPL to remain relatively flattish (under the assumption of 10-12% loan growth). (Kontan)
Online taxi fares will be raised
The Ministry of Transportation will be reviewing the current online taxi fares to accommodate the request of one of the players, which asked for an increase in the minimum tariffs. The adjustment will be made as some of the 12 components used to determine online taxi fares have seen increases as well. (Kontan)
Management is guiding for capex of Rp1-2tr in 2020 (2019: Rp1.5tr) which will be largely used to expand number of tenants. It plans to add 3,000 tenants in 2020 (1,000 from new towers and 2,000 from co-location). (Kontan)
Sales commentary is not a product of research
Sumber : IPS